Monday, October 24, 2011

Tellabs Revenue Falls to $314 million

Tellabs reported Q3 2011 revenue of $314 million, compared with $430 million in the year-ago quarter. North American revenue declined to $151 million, and revenue outside North America rose to $163 million.


For the third quarter of 2011, Broadband segment revenue was $170 million, down 15% from the yearago quarter. Transport segment revenue was $87 million, down 49%. Services segment revenue was $57
million, down 6%.


On a GAAP basis, Tellabs recorded a net loss of $138 million or 38 cents per share in the third quarter of 2011, compared with net earnings of $57 million or 15 cents per share in the third quarter of 2010. The loss was primarily driven by a non-cash goodwill impairment charge of $83 million; a non-cash in-process R&D impairment charge of $20 million; and previously announced restructuring charges of $20 million.



“We're disappointed by third-quarter revenue in North America,�? said Rob Pullen, Tellabs president and
chief executive officer. “Yet we're encouraged by the continuing growth of our business outside North
America, which generated more than half of Tellabs' quarterly revenue for the first time.�?http://www.tellabs.com

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